Multifamily Properties in Highest Demand February 2019
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What was a normal turn of events surviving the recession, the recovery of the single family housing market is healthier now than pre-recession figures. Since the healing of the single-family housing market is nearing peak, with the next logical rise in demand for multifamily rental properties and condominium conversion projects. Learn more from RodwellBuildingServices' Wealth Creator product line.
Multifamily rent growth hits two-year high in February, rising 3.6% | Building Design + Construction
U.S. multifamily rents rose $2 in February to $1,426 and year-over-year growth remained at 3.6%, as January was revised upward from 3.3% to 3.6%. Annual growth is the highest it has been since late 2016. Rent growth has steadily increased since bottoming at 2.2% in the fall of 2017. The consistent growth is a sign of the strength of the sector’s fundamentals and an indication that the cycle has a ways to run.
The National Capitol, Washington, DC real estate market is the mecca for new constructions, modernizations and renovations activities. Both federal and local interstate routes through this city is undergoing redevelopmet syndication where developers are acquiring several single-family properties and rebuild with medium rise structures. The projections of cranes on the skylines and the temporary fencing around multiple vacant lots and small retailers with frontage on the thoroughfare are signs that there are no slowing in the development for multifamily properties.
RodwellBuildingServices is the real estate professional firm with much experience working with many of this areas mass housing development companies and can guide your acquisition planning, and program your revelopmentprojects from concept to financing and commissioning.
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